Subject:
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Re: What happened?
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Tue, 27 Jul 1999 03:31:46 GMT
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Reply-To:
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lpieniazek@/antispam/novera.com
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Viewed:
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1086 times
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Simon Robinson wrote:
>
> > > Business cycles have _nothing_ to do with government interventions.
> > > There have been documented cases of cycles gong back to the 16th
> > > century,
> >
> > Sorry, I forgot. There wasn't government back in 1503, and it didn't
> > meddle in the economy either. How silly of me.
>
> So you are arguing that if you remove all Government intervention, then
> there won't be any business cycles? You are also apparently arguing
> that there has always been Government intervention?
>
> You appear to have argued yourself into a corner, where you cannot
> claim any evidence to support your case.
No empirical evidence that's definitive, but theoretical proofs exist,
(and not based on invisible heat sorting demons or market information
communicators).
Further, the less intervention there is, the longer the booms last and
the less severe the busts are. That is pretty solid. It's also a pretty
strong correlation with solid linear behavior.
Now, true, the ideal gas law, based on similar linear trend analysis,
predicts that the volume of a gas at 0 degrees K is 0. We know that
isn't true. But it's a pretty good predictor of gas behaviour over a
wide range of pressures and temperatures.
So I say lets see how close to 0 degrees K we can get.
--
Larry Pieniazek larryp@novera.com http://my.voyager.net/lar
- - - Web Application Integration! http://www.novera.com
fund Lugnet(tm): http://www.ebates.com/ Member ref: lar, 1/2 $$ to
lugnet.
NOTE: I have left CTP, effective 18 June 99, and my CTP email
will not work after then. Please switch to my Novera ID.
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Message has 1 Reply:
 | | Re: What happened?
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| (...) Well if you believe you can point us to a theoretical proof I'd be interested to see it (seriously). I'd have to say however that I'd be extremely sceptical of any proofs, because. (1) The theory of the free market relies on a number of (...) (25 years ago, 27-Jul-99, to lugnet.off-topic.debate)
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Message is in Reply To:
| | Re: What happened?
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| (...) So you are arguing that if you remove all Government intervention, then there won't be any business cycles? You are also apparently arguing that there has always been Government intervention? You appear to have argued yourself into a corner, (...) (25 years ago, 27-Jul-99, to lugnet.off-topic.debate)
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